Mr. Green makes salads. The standard plate of salad has 30 g of lettuce (L), 50 g of peppers (P) and 80 g of beetroot (B). The standard prices of the three ingredients are $0.2/kg, 0.4/kg and 0.8/kg respectively.
Mr. Green has been experimenting and so in July he changed the mix of vegetables on the plate thus: 1,500 plates contained 62,000 grams of lettuce, 81,000 grams of peppers and 102,000 grams of beetroot.
What is the yield variance (do not round your answer)?
Actual yield 1,500.00
Standard yield 1,531.25
Difference 31.25
Standard cost of a plate 0.09
Yield variance = 31.25 × 0.09 = 2.8125 A
Standard yield is 245,000 × 1/160 = 1,531.25
Standard cost of a plate is:
Quantity (g) Price ($) Cost ($)
Lettuce 30 0.0002 0.006
Peppers 50 0.0004 0.020
Beetroot 80 0.0008 0.064
Standard cost: 0.09
多做几道
A government is trying to assess schools by using a range of financial and non-financial factors. One of the chosen methods is the percentage of students passing five exams or more.
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Which of the above statements is/are true?
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